Oct 5, 2012 6:30pm EDT
-growth environment. >> reporter: michelle mier is senior u.s. economist for bank of america. 100,000 plus jobs is healthy but not impressive. >> and think about what we've come off of, the deepest postwar recession and adding about 100,000 or so jobs a month. it's not sufficient. >> reporter: much of the drop in the unemployment rate is due to the growth in part-time jobs. >> . >> i didn't even get responses to my resumes. >> reporter: 56-year-old amy crawford was forced to take a minimum wage job in a chicago restaurant. when she couldn't find full time work as a home designer. >> i'm almost at a bird in the hand is worth two in the bush. i'm not confident in the economy. >> reporter: 40% of the unemployed have been out of work six months or more. that number did not drop last month. fed chairman ben bernanke said this week his concern is that growth just isn't fast enough to put people back to work. >> pelley: anthony, you mentioned that about 150,000 jobs are being created each month lately. what kind of difference does that make to the 12 million people who are still unemployed? >> not muc
Oct 5, 2012 3:00pm EDT
can be. liz: how do you deal with the low interest-rate environment or refinancing loans and losing a couple basis points on every loan? >> it is true this extended low-interest rate environment is not favorable to bank earnings. liz: ben bernanke ordeal with it? >> i can also understand his position that stimulus hit the economy. it is good for bar worse to have low interest rates and now we have lower rates from short to long it is easier to borrow or give people reasons to borrow so last time we checked we made money when people borrow loans. it is good for us but it does shrink the spread on our loans. that is why you have to be cost-effective, acquiring good clients and looking at how to generate more business. liz: they expects fourth quarter loan growth? >> as we have talked about it we continue to see among our commercial clients that they continue to borrow and acquiring competitors and investing in business and doing things commensurate with an industry that returned to profitability. they are not hiring which is part of why we talk with ben bernanke about q e 3 and the th
Oct 5, 2012 1:00pm EDT
we do with your clients. what we're seeing in really in environment of really slow growth next several years due to our fiscal situation, focus on good, solid companies paying solid dividends above the average of the stock market. >> do you think about minimizing tax consequences? >> absolutely. in a lot of the nonqualified portfolios that we manage, there is a pretty high mlp concentration. we do use mlps. >> master limited partnerships, usually oil and gas. >> right. so kinder morgan is one of the ones we like to use. actually it pays roughly a six 1/2% dividend. a good percentage of that dividend is considered return of basis. >> kinder morgan is one of the stocks you like right now. you also like vodafone? >> right. >> why vodafone and did not say verizon? >> good you mentioned verizon. vodafone owns 45% of the verizon wireless. >> right. >> the noise thing about vodafone it is more undervalued than verizon and also pay as higher dividend yield than verizon. a great way to play verizon wireless without all the wireline issues when it comes to buying verizon. it is really a
Oct 5, 2012 4:00pm EDT
environment for women, but it doesn't necessarily mean special environment. >> reporter: yahoo! hired mayer as a its ceo in july knowing she was pregnant. mayer plans to be back in the office within one or two weeks. that, too, is generating flap. >> we should be sending the message that women need more maternity leave and better benefits and need more time. they need a workplace that understands that this is a period of time that women need to be with a baby. >> reporter: all this criticism could make the corner office look real good to mayer. >> mommies are hard on each other. mommies are very tough. a lot of criticism probably for everything she does, while being a mommy. >> yahoo! did not respond to a request for comment from nbc news. >> all right, so, you ready for the big chill coming our way? >> no, i'm not. not yet, but i'm going to go find the coat tonight. >> i think most people would say, richard and pat, that they're not ready. i'm not ready either. i think maybe the trees may be ready because look at that, great fall color out there right now. this is new river gorge, west vir
Oct 5, 2012 3:00am PDT
: it will be a town hall setting and that is a different environment and questioning coming from the audience. brian excellent point to bring up. i was thinking that this morning and how many people watch the debate. that was a concern that i had . had people been energized to care and listen to the differences between the two cand des. two find out more people watched the debate since 1992 was heartening. the idea that that many people wanted to come to the tv and see what was going on in the nation was heartening. >> steve: pat buchan an said it was the best one in 52 years. but pat going back to the kennedy/nixon debate. >> gretchen: people on the democratic side tried to come up with excuses. this may be the best one. former vice-president al gore said it had to do with something that goes on in the state of colorado when you get high up in the rocky mountains, could it be the altitude. >> obama areiched in denver at 2:00 p.m. today. just a few hours before the debate started. romney did his debate prep in denver. when you go to 5,000 feet. >> exactly. >> and you only have a few hours to adjust.
Oct 5, 2012 4:00pm EDT
practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. david: time for a quick speed read. first up the congressional budget office estimates a federal budget deficit at $1.1 trillion. the fourth straight year of trillion dollar deficits. it was a slight improvement from the 2011 deficit of $1.3 trillion. starbucks will add 1,000 stores in the u.s. over the next five years. the coffee giant's ceo said the expansion will add total of 20,000 jobs that. is good news. >>> california gas prices increased 36 cents in one week. the average price of regular gas across the state is $4.49 a gallon the highest in the nation. >>> dave and buster's halts plans to launch a initial p.m. ofsh. yesterday t
Oct 5, 2012 2:00am EDT
plan will kill 700,000 jobs. i don't want to kill jobs in this environment. let me make one more point. >> lehrer: that's not an answer-- mr. president? >> we've had this discussion befororor >> lehrer: about the idea that in order to reduce the deficit, there has to be revenue in addition to cuts. >> there has to be revenue in addition to cuts. now, governor romney has ruled out revenue. he's ruled out revenue. >> absolutely. >> lehrer: completely. >> look the revenue i get is by more people working, getting higher pay, paying more taxes. that's how we get growth and how we balance the budget. but the idea of taxing people more, putting more people out of work, you'll never get there. you never balance the budget by raising taxes. spain, spain spends 42% of their total economy on government. >> lehrer: okay. >> we're now spending 42% of our economy on government. i don't want to go down the path to spain. i want to go down the path of growth that puts americans to work with more money coming in because they're working. >> lehrer: but, but, mr. president, you're saying in order to get
Oct 5, 2012 7:00am EDT
of view which ultimately means it's a really supportive environment for women but doesn't necessarily mean special treatment for women. >> reporter: yahoo! hired mayer as its ceo in july knowing that she was pregnant. when mayer gave birth sunday, a yahoo! spokeswoman told the "new york times" mayer plans to be back in the office within one to two weeks. that, too, is generating flack. >> we should be sending a message that women need more maternity leave. they need better benefits and need more time. they need a workplace that understands that this is a period of time that women need to be with a baby. >> all this criticism could make the corner office look real good to mayer. >> mommies are hard on each other, very tough. she will get a lot of criticism for everything she does while being a mommy. >> reporter: now nbc news reached out to yahoo! for comments but did not hear back. mayer and her husband zachary bogue are also looking for help to name their son and that, too is generating controversy, reportedly sending out an e-mail to family and friends asking for suggestions. now in the
Oct 5, 2012 9:00am EDT
defense and build highways and education. and building an environment where it is easy for business to employ people and kind of stay out of everybody's way. host: how is it doing? caller: i do not think it is doing very well when minimum wage is hitting $10 an hour in some states. that is an awful lot to employ people. some people like myself, a small businessman, it is hard for me to employ more people when i am having to pay so much for everything in the price of everything is going up. the price of fuel, electricity, food -- the price of everything is going up right now. so i do not think the government is really doing a good job. host: it in the "wall street journal" this morning, another comparison of the two candidates on the definition of patriotism. president barack obama says he wants a new economic patriotism. mitt romney caused the campaign a battle for the soul of america. host: next, louisiana, a democrat. good morning. caller: yes, i would like the government -- [no audio] host: we lost her. with apologies, let's move on to an independent in ohio. caller: good morning
Oct 5, 2012 11:00am EDT
environment in which both men are now running. connell: it is a crazy number but not necessarily a great number. it is 582,000 of 873. you don't have to say the numbers fudge to. it is not that great a number even on the surface. dagen: if you look at these numbers historically they are all over the place. >> the real number is not the official 8% though politically that will give the president some traction. now we are back to the inherited rate which is 7.8. it is perception but remember the real numbers to take a look at is the new jobs created that number 114,000. that is a pathetic number. if i met romney i go to the american people and say president reagan inherited a huge recession. he had a very dire economic crisis. he did the opposite of what president obama did in terms of cutting taxes and reducing government and deregulating and what his recovery look like, month after month of 500, 600, 900,000, over a million jobs in 1983. dagen: back to the original point, mitt romney has to avoid trying to discredit this number. >> he will not do that. [talking over each other] >> ronny
Oct 5, 2012 6:00am PDT
and the environment. we're america's natural gas. i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. >>> just in to the "cnn newsroom," a high court judge in london ordered that radical cleric be extradited to the united states. he will face terrorism charges along with four other suspects. the process begins immediately and the judge ordered that the man cannot appeal. he's accused of helping to start a terrorist camp in oregon. >>> the unemployment rate fell to 7.8%. the figures are roughly in line with what was expected. the jobs number for august was revised up to 142,000. >>> an oil sheen about four miles long has appeared in the gulf of mexico near the site of the worst oil spill in u.s. history. the coast guard says the source of the oil was not immediately clear in september of 2010. officials declared a cement plug had permanently sealed the deep water horizon oil spill.
Oct 5, 2012 4:00pm EDT
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